Grant of SAR. The Company hereby grants to the Participant as of the Grant Date a SAR on the number of Shares specified above. This SAR represents the right, upon exercise, to receive a number of Shares with a Fair Market Value on the date of exercise equal to the product of (i) the aggregate number of Shares with respect to which this SAR is exercised and (ii) excess of (A) the Fair Market Value of a Share as of the date of exercise over (B) the SAR Base Price specified above.
Appears in 10 contracts
Samples: Stock Appreciation Rights Agreement (Masonite International Corp), Stock Appreciation Rights Agreement (Masonite International Corp), Stock Appreciation Rights Agreement (Masonite International Corp)
Grant of SAR. The Company hereby grants to the Participant Participant, as of the Grant Date Date, a SAR on the number of Shares specified above. This SAR represents the right, upon exercise, to receive a number of Shares with a Fair Market Value on the date of exercise equal to the product of (i) the aggregate number of Shares with respect to which this SAR is exercised and (ii) the excess of (A) the Fair Market Value of a Share as of the date of exercise over (B) the SAR Base Price specified above.
Appears in 2 contracts
Samples: Stock Appreciation Rights Agreement (Masonite International Corp), Stock Appreciation Rights Agreement (Masonite International Corp)